The Cannabist

Recent Cannabist news

Colorado's tax collections from recreational marijuana sales in the past fiscal year came in more than 60 percent below early predictions, and now a state lawmaker says it may be time to reconsider the tax formula.

State Rep. Dan Pabon, who is leading a special legislative committee on marijuana revenue, said the medical-marijuana system also may come under scrutiny.

"There's some real impact that the medical marijuana market is having on the recreational marijuana market," said Pabon, D-Denver. "I think it's worth looking at the taxation on the recreational side but also looking at the rules and regulations on the medical side."

Tuesday marked the first meeting of the committee, which is studying how Colorado spends its marijuana tax money.